Latest news with #TencentHoldings
Nikkei Asia
27-05-2025
- Business
- Nikkei Asia
China developer Wanda eyes sale of 48 shopping malls in $6.9bn deal
DALIAN, China -- Major Chinese commercial property developer Dalian Wanda Group plans to sell 48 of its shopping malls to a joint venture led by Hong Kong investment firm PAG, continuing to shed assets to raise cash amid a slumping real estate market. The joint venture of five companies, including a PAG subsidiary and China's Tencent Holdings, will acquire shares in 48 regional companies that back Wanda Plaza malls across China. The plans were revealed in a disclosure document dated May 20 from the State Administration for Market Regulation.
Time of India
21-05-2025
- Business
- Time of India
Baidu says domestic tech will shield AI push from US curbs
Live Events China's Baidu said on Wednesday U.S. export controls on semiconductors would not significantly impact its AI development, citing access to domestic dominant search engine in China also reported first-quarter revenue that exceeded analysts' expectations, boosted by growing demand for its AI cloud services "Domestically developed chips and increasingly efficient homegrown software will form a strong foundation for long-term innovation in China's AI ecosystem," Baidu Vice President Shen Dou told analysts on a conference comments come as U.S. export restrictions on advanced semiconductors took effect last month, effectively blocking sales of Nvidia's H20 chips designed for the Chinese stance echoes comments from rival Tencent Holdings, whose executives said existing stockpiles of AI chips would shield the company from U.S. export revenue in the first quarter rose 3% to 32.45 billion yuan ($4.50 billion), beating analysts' average estimate of 30.9 billion yuan, according to data compiled by at Baidu's online marketing business, which contributes the majority to the company, fell 6% to 17.31 billion yuan. Analysts had estimated 17.39 billion its non-online marketing revenue reached 9.4 billion yuan, up 40% year-over-year, mainly driven by its AI cloud company reported profit of 21.59 yuan per American Depositary Share, compared with profit of 14.91 yuan per share a year has intensified its focus on AI in recent years to reduce its dependence on advertising revenue from its core search engine early 2023, the company was among the first to launch a chatbot following Microsoft-backed OpenAI's release of ChatGPT in late this early advantage, Baidu's Ernie large-language model faces fierce competition from Chinese firms such as startup DeepSeek, which shook up the AI landscape earlier this response, Baidu eliminated fees for its premium chatbot services in April and introduced two new AI models in March - the reasoning-focused Ernie X1 and Ernie 4.5. The company upgraded these offerings to "Turbo" versions the following CEO Robin Li said last month that its cluster comprising 30,000 of its self-developed, third-generation P800 Kunlun chips can support the training of DeepSeek-like company's U.S.-listed shares were down 0.3% in morning trading.($1 = 7.2067 Chinese yuan renminbi)
Business Recorder
21-05-2025
- Business
- Business Recorder
Baidu says domestic tech will shield AI push from US curbs
China's Baidu said on Wednesday U.S. export controls on semiconductors would not significantly impact its AI development, citing access to domestic alternatives. The dominant search engine in China also reported first-quarter revenue that exceeded analysts' expectations, boosted by growing demand for its AI cloud services. 'Domestically developed chips and increasingly efficient homegrown software will form a strong foundation for long-term innovation in China's AI ecosystem,' Baidu Vice President Shen Dou told analysts on a conference call. The comments come as U.S. export restrictions on advanced semiconductors took effect last month, effectively blocking sales of Nvidia's H20 chips designed for the Chinese market. The stance echoes comments from rival Tencent Holdings, whose executives said existing stockpiles of AI chips would shield the company from U.S. export controls. Total revenue in the first quarter rose 3% to 32.45 billion yuan ($4.50 billion), beating analysts' average estimate of 30.9 billion yuan, according to data compiled by LSEG. China's Baidu looks to patent AI system to decipher animal sounds Revenue at Baidu's online marketing business, which contributes the majority to the company, fell 6% to 17.31 billion yuan. Analysts had estimated 17.39 billion yuan. However its non-online marketing revenue reached 9.4 billion yuan, up 40% year-over-year, mainly driven by its AI cloud business. The company reported profit of 21.59 yuan per American Depositary Share, compared with profit of 14.91 yuan per share a year earlier. Baidu has intensified its focus on AI in recent years to reduce its dependence on advertising revenue from its core search engine business. In early 2023, the company was among the first to launch a chatbot following Microsoft-backed OpenAI's release of ChatGPT in late 2022. Despite this early advantage, Baidu's Ernie large-language model faces fierce competition from Chinese firms such as startup DeepSeek, which shook up the AI landscape earlier this year. In response, Baidu eliminated fees for its premium chatbot services in April and introduced two new AI models in March - the reasoning-focused Ernie X1 and Ernie 4.5. The company upgraded these offerings to 'Turbo' versions the following month. Baidu's CEO Robin Li said last month that its cluster comprising 30,000 of its self-developed, third-generation P800 Kunlun chips can support the training of DeepSeek-like models. The company's U.S.-listed shares were down 0.3% in morning trading.
Business Insider
15-05-2025
- Business
- Business Insider
Analysts' Top Communication Services Picks: Twilio (TWLO), Tencent Holdings (TCTZF)
There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Twilio (TWLO – Research Report) and Tencent Holdings (TCTZF – Research Report) with bullish sentiments. Confident Investing Starts Here: Twilio (TWLO) In a report released yesterday, Michael Turrin from Wells Fargo maintained a Buy rating on Twilio, with a price target of $130.00. The company's shares closed last Wednesday at $114.29. According to Turrin is a 1-star analyst with an average return of -0.4% and a 50.5% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, ServiceTitan, Inc. Class A, and Zoom Video Communications. Twilio has an analyst consensus of Moderate Buy, with a price target consensus of $126.86, implying a 10.9% upside from current levels. In a report issued on April 29, Needham also initiated coverage with a Buy rating on the stock with a $125.00 price target. Tencent Holdings (TCTZF) In a report released today, Robin Zhu from Bernstein maintained a Buy rating on Tencent Holdings, with a price target of HK$660.00. The company's shares closed last Wednesday at $67.50, close to its 52-week high of $72.00. According to Zhu is a 4-star analyst with an average return of 9.0% and a 56.0% success rate. Zhu covers the NA sector, focusing on stocks such as BANDAI NAMCO Holdings, PDD Holdings, and Alibaba.
Yahoo
14-05-2025
- Business
- Yahoo
Why Tencent Rallied Today
The Chinese tech giant posted strong revenue growth and margin expansion. The company is entering an artificial intelligence (AI) investment cycle, but its 39% operating margins afford it to do just that. AI could be a further catalyst for profit growth. 10 stocks we like better than Tencent › Shares of Chinese tech giant Tencent Holdings (OTC: TCEHY) rallied today, up as much as 4.5% before settling into a 3.5% gain at the end of the trading day. Tencent reported its March quarter earnings today, displaying accelerating growth and margin expansion, helped along by artificial intelligence (AI) investments. Given that Chinese tech giants still mostly trade at cheaper valuations than the U.S.'s "Magnificent Seven" stocks, it's no wonder Tencent rallied today. In the first quarter, Tencent grew revenue up 13%, along with non-IFRS operating margins expanding from 37% to 39%, resulting in operating income growth of 18%. The growth was broad-based. Encouragingly, Tencent's domestic games, which had declined during the recessionary period in China, increased 24% relative to last year. Even though last year's domestic games revenue was particularly weak, the bounce-back was a good sign that Tencent and China's economy may be emerging from the economic downturn. Meanwhile, International Games grew a similarly strong 23%, and Digital Advertising, fueled by Tencent's WeChat (Weixin) social media platform, grew another 20%. Finally, Fintech and Business Services grew 5%. Tencent has absolutely massive user bases across WeChat, which grew users 3% to 1.4 billion people; its huge video game franchises; its 117 million streaming video subscribers; and 123 million steaming music subscribers, not to mention other user bases in digital payments and cloud software. With that trove of proprietary user data, Tencent has a great opportunity to capitalize on the benefits of AI. To that end, Tencent also announced it would be stepping up its investments in that area, with capital expenditures surging 91% over the prior year. For those willing to invest in Chinese companies, Tencent looks among the best in class. It has diverse, high-margin revenue streams, a net cash balance, and roughly $138.1 billion in investments in outside companies. That strength affords Tencent to invest in new growth opportunities, such as AI, all while returning cash to shareholders through repurchases and dividends. Tencent checks basically all the boxes of financial strength, making its 24 times P/E ratio look quite reasonable, even after today's rally. Before you buy stock in Tencent, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tencent wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $613,951!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $796,353!* Now, it's worth noting Stock Advisor's total average return is 948% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tencent. The Motley Fool has a disclosure policy. Why Tencent Rallied Today was originally published by The Motley Fool
